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3:22 am
Fri May 3, 2013

John Bogle's Latest Advice: A 'Gatekeeper' For Your Nest Egg

John Bogle, founder of The Vanguard Group and president of the Bogle Financial Markets Research Center, says the government should set standards to protect Americans' retirement savings.
Mark Lennihan AP

Originally published on Fri May 3, 2013 12:14 pm

Mutual funds, which have topped $13 trillion, are the way many Americans interact with the financial markets. You may have come across mutual funds when you set up an individual retirement account or a company-sponsored retirement account like a 401(k).

A "basket" of stocks, bonds or both, mutual funds are seen as safer to own than individual stocks. Having many in one basket spreads the risk, especially over time. But high fees, lack of diversification, or a focus on short-term gains can put your nest egg at risk.

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The Salt
3:21 am
Fri May 3, 2013

Chef Edward Lee Adds Korean Spice To Southern Comfort Food

Edward Lee's first cookbook, Smoke and Pickles: Recipes and Stories From a New Southern Kitchen, features Korean-southern comfort food.
Courtesy of Artisan Books

Originally published on Fri May 3, 2013 12:14 pm

Korean and Southern food may not seem like a natural pair. But now it's one more example of traditions emulsifying in the great American melting pot. Korean-American chef Edward Lee makes that case with his new cookbook Smoke and Pickles: Recipes and Stories From a New Southern Kitchen.

Fusion cooking comes naturally to Lee: He grew up in an immigrant neighborhood of Brooklyn surrounded by Jamaicans, Indians, Iranians and Jews.

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The Two-Way
3:19 am
Fri May 3, 2013

Crews Battle Wildfires In Southern California

Originally published on Fri May 3, 2013 11:34 am

Crews in Southern California are battling a fast-moving wildfire that has forced evacuations of hundreds of homes.

NPR's Kirk Seigler is reporting on the blaze for our Newscast unit:

"The blaze is burning in the rugged foothills of the Santa Monica Mountains about 50 miles west of Los Angeles, and less than a dozen miles from the Pacific Ocean.

"It's believed to have sparked early in the morning and was quickly fanned by hot, Santa Ana winds that blew in from the desert and caused humidity to plummet to the single digits across the region.

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US News
8:59 pm
Thu May 2, 2013

Reports: Boston Bombing Suspects Had Planned July 4 Attack

Dzhokhar Tsarnaev.
Handout Getty Images

Originally published on Thu May 2, 2013 9:15 pm

Another interesting thread has developed this evening in the narrative of the Boston bombings: The New York Times, CNN, Reuters, CBS, The Boston Globe and

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The Two-Way
7:05 pm
Thu May 2, 2013

FBI Adds First Woman To Its Most Wanted Terrorists List

Joanne Deborah Chesimard.
FBI

The FBI added Joanne Chesimard, who was convicted in the 1973 murder of a New Jersey State Trooper, to its "Most Wanted Terrorist List." Chesimard, who fled to Cuba in 1984 after escaping from prison, is the first woman added to the list.

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The Two-Way
6:42 pm
Thu May 2, 2013

Veteran British Broadcaster Admits To Sexual Abuse Of Girls

In February, former BBC broadcaster Stuart Hall vowed to fight the allegations against him. On Thursday, he admitted to 14 charges of indecently assaulting girls.
Jon Super AP

Originally published on Thu May 2, 2013 7:01 pm

The late Jimmy Savile is not the only U.K. TV personality whose name has emerged in a sexual abuse investigation. A wide-ranging British inquiry has revealed many other household names who are suspected of committing sexual offenses decades ago.

The latest name: BBC broadcaster Stuart Hall, who on Thursday admitted to 14 charges of indecently assaulting girls.

The BBC reports:

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Planet Money
6:41 pm
Thu May 2, 2013

Millions Of Americans Are Leaving The Workforce. Why?

Alyson Hurt National Public Radio

Originally published on Fri May 3, 2013 8:02 am

Earlier this year, the percentage of Americans who are working or looking for work fell to its lowest level since 1979.

The figure (wonks call it labor force participation rate) rose for decades, as more women entered the workforce. It started falling over a decade ago. And the decline is now being driven by a bunch of different factors — some of which are scary and recessiony, and some of which are not.

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The Two-Way
5:53 pm
Thu May 2, 2013

Rhode Island Becomes 10th State To Allow Same-Sex Marriage

Originally published on Thu May 2, 2013 7:18 pm

Update at 7:08 p.m. ET. Governor Signs The Bill:

"We are making history," Gov. Lincoln Chafee said right before he signed a bill that legalizes same-sex marriage in Rhode Island. "We are living up to the ideal of our founders."

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Economy
5:51 pm
Thu May 2, 2013

Housing Recovery Lifts Other Sectors, Too

Chevy trucks line the lot of a dealer in Murrysville, Pa. Sales were up by double digits at Chrysler, General Motors and Ford last month.
Gene J. Puskar AP

Originally published on Thu May 2, 2013 6:00 pm

The government's employment report for April comes out Friday. It's an important measure of the economy's health and the advance signals have been mixed. One report this week showed layoffs falling to a five-year low, but another suggests disappointing jobs creation.

At least one sector is providing some positive news for the job market: housing.

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It's All Politics
5:41 pm
Thu May 2, 2013

Ayotte Becoming Gun Control Lightning Rod

Sen. Kelly Ayotte, R-N.H., has drawn the focus of gun control proponents for voting against a bid to expand criminal background checks for gun buyers.
J. Scott Applewhite AP

Originally published on Thu May 2, 2013 6:37 pm

Of the senators who have become lightning rods for voting against expanded criminal background checks for gun buyers, New Hampshire Republican Kelly Ayotte is drawing the most bolts.

Video of Ayotte being questioned by the daughter of the principal killed during the Sandy Hook Elementary School massacre in Newtown, Conn., has gone viral.

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